Siemens Fonds Invest GmbH Trims Stock Holdings in Fiserv, Inc. (NYSE:FI)

Siemens Fonds Invest GmbH decreased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 56.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,851 shares of the business services provider's stock after selling 11,471 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Fiserv were worth $1,818,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Fiserv in the fourth quarter valued at approximately $1,406,452,000. Raymond James Financial Inc. acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $614,982,000. Kovitz Investment Group Partners LLC raised its holdings in shares of Fiserv by 343.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock worth $576,527,000 after acquiring an additional 2,174,025 shares during the period. Alliancebernstein L.P. raised its stake in Fiserv by 65.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock worth $1,116,919,000 after purchasing an additional 2,153,554 shares during the period. Finally, FMR LLC lifted its holdings in Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after acquiring an additional 2,126,419 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FI shares. Barclays cut their price objective on Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company lifted their price target on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Redburn Atlantic restated a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. UBS Group lowered their price objective on shares of Fiserv from $265.00 to $255.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Mizuho set a $200.00 target price on Fiserv in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $224.20.

Fiserv Stock Down 2.0%

Shares of FI stock traded down $3.24 on Wednesday, reaching $162.63. 6,021,871 shares of the stock were exchanged, compared to its average volume of 3,023,227. The company has a market capitalization of $90.17 billion, a price-to-earnings ratio of 30.17, a PEG ratio of 1.52 and a beta of 0.97. The business's 50 day moving average price is $200.54 and its 200 day moving average price is $209.88. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the business earned $1.88 EPS. Fiserv's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has authorized a stock buyback plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.74% of the stock is currently owned by corporate insiders.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.